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spin off
spin S0640400 (spĭn)v. spun (spŭn), spin·ning, spins v.intr.1. To rotate rapidly; whirl. See Synonyms at turn.2. To have a sensation of whirling, as from dizziness; reel: My head spun after I did a cartwheel.3. To make thread or yarn by drawing out and twisting fibers.4. To extrude viscous filaments, forming a web or cocoon.5. To fish with a light rod, lure, and line and a reel with a stationary spool.v.tr.1. To cause to rotate swiftly; twirl: spin a top.2. To shape or manufacture by a twirling or rotating process.3. Informal To play (a recorded piece of music, such as a phonograph record), especially as a disc jockey.4. To provide an interpretation of (a statement or event, for example), especially in a way meant to sway public opinion: "a messenger who spins bogus research into a vile theology of hatred" (William A. Henry III).5. a. To draw out and twist (fibers) into thread.b. To form (thread or yarn) in this manner.6. To form (a web or cocoon, for example) by extruding viscous filaments.7. To relate or create: spin a story.n.1. The act of spinning.2. A swift whirling motion.3. A state of mental confusion: I've been in a spin about this all week.4. Informal A short drive in a vehicle: took a spin in the new car.5. The flight condition of an aircraft in a nose-down, spiraling, stalled descent.6. a. A distinctive point of view, emphasis, or interpretation: "adept at putting spin on an apparently neutral recital of facts" (Robert M. Adams).b. A distinctive character or style: an innovative chef who puts a new spin on traditional fare.7. Physics a. The angular momentum of rotation of a rigid body about its own axis.b. The intrinsic angular momentum of a subatomic particle. Also called spin angular momentum.Phrasal Verbs: spin off To derive (a company or product, for example) from something larger. spin out1. To rotate out of control, as a skidding car leaving a roadway.2. To prolong or extend: spin out a visit with an old friend.Idiom: spin (one's) wheels Informal To expend effort with no result.
[Middle English spinnen, to twist fiber into thread, from Old English spinnan; see (s)pen- in Indo-European roots.]spin off vb (Commerce) (tr, preposition) to turn (a part of a business enterprise) into a separate company n 1. any product or development derived incidentally from the application of existing knowledge or enterprise 2. (Literary & Literary Critical Terms) a book, film, or television series derived from a similar successful book, film, or television series Thesaurus| Verb | 1. | spin off - produce as a consequence of something largerbear, turn out - bring forth, "The apple tree bore delicious apples this year"; "The unidentified plant bore gorgeous flowers" |
spin off
spin off1. verb To create or derive something from a larger or original thing. A noun or pronoun can be used between "spin" and "off." I heard they're spinning another show off from the political drama that will focus on the two main journalists and their relationship.2. verb For a company to separate from one of its divisions or holdings through sale, reorganization, or other means. A noun or pronoun can be used between "spin" and "off." Only two years after purchasing it, the company has decided to spin off its VR division.3. noun Something created or derived from a larger or original thing. As a noun, the phrase is usually hyphenated. Because it has become much more popular than the original, not many people know that this series is actually a spin-off.See also: off, spinspin something off 1. Lit. [for something rotating] to release a part that flies away. The propeller spun one of its blades off and then fell apart all together. It spun off one of its blades. 2. Fig. [for a business] to divest itself of one of its subparts. The large company spun one of its smaller divisions off. It spun off a subsidiary and used the cash to pay down its debt. 3. Fig. [for an enterprise] to produce useful or profitable side effects or products. We will be able to spin off a number of additional products. The development of this product will allow us to spin off dozens of smaller, innovative products for years to come.See also: off, spinspin off[for something] to part and fly away from something that is spinning; [for something] to detach or break loose from something. The blade of the lawn mower spun off, but fortunately no one was injured. The rusted-on nut spun off easily after I got it loosened.See also: off, spinspin offDerive or produce from something else, especially a small part from a larger whole. For example, The corporation decided to spin off the automobile parts division, or Her column was spun off from her book on this subject. The expression transfers the throwing off by centrifugal force, as in spinning, to other enterprises. [Mid-1900s] See also: off, spinspin offv. To derive something, such as a company or product, from some source: The television network decided to spin a new show off from its popular comedy series. The media conglomerate spun off its entertainment division. See also: off, spinEncyclopediaSeespinLegalSeeSpin-Offspin off
Spin-OffA situation in which a company offers stock in one of its wholly-owned subsidiaries or dependent divisions such that subsidiary or division becomes an independent company. The parent company may or may not maintain a portion of ownership in the newly spun-off company. A company may conduct a spin-off for any number of reasons. For example, it may wish to divest itself of one industry so it can expand into another. It may also simply wish to profit from the sale of the subsidiary. A spin off should not be confused with a split off.spin off To distribute stock of a subsidiary to stockholders of the parent company. For example, directors of Union Pacific Corporation voted to spin off the firm's natural resource operations by distributing to Union Pacific stockholders shares of Union Pacific Resources.Case Study In October 2001 consumer products giant Procter & Gamble announced an agreement to sell two of its major brands, Jif peanut butter and Crisco cooking oils, to jelly and jam maker J.M. Smucker Company. Acquisition of the two brands doubled the sales of Ohio-based Smucker, whose stock price closed up 20% on the announcement. The acquisition made Smucker a market leader in three major consumer categories. In an unusual move, the sale was accomplished by first spinning off Jif and Crisco assets to P&G shareholders, who then exchanged the assets with Smucker in a stock swap. The agreement called for one Smucker share to be exchanged for each 50 shares held by a P&G stockholder. Thus, the owner of 1,000 shares of Procter & Gamble received 20 Smucker shares in the exchange. An acquisition for stock rather than cash is tax-exempt until shares are eventually sold, an advantage to Procter & Gamble shareholders. Procter & Gamble would have been required to pay taxes on any gain had Smucker paid P&G for the purchase in cash rather than stock. Procter & Gamble decided to spin off Jif and Crisco to its stockholders rather than conduct the exchange directly with Smucker because P&G had no interest in holding Smucker stock. P&G shareholders owned slightly over 50% of Smucker following the share exchange.AcronymsSeeS/Ospin off
Words related to spin offverb produce as a consequence of something largerRelated Words |